The following reflects the views of L2BEAT’s governance team, composed of @krst and @Sinkas, and it’s based on the combined research, fact-checking, and ideation of the two.
We are voting FOR this proposal.
We supported the proposal during the temp check because we saw it as an interesting experiment that could help drive more activity toward governance. While we were against the introduction of an oversight committee that would add 125,000 ARB worth of costs to the proposal, this was ultimately addressed.
In the discussion above, there have been concerns about low participation in the votes that aim to mobilize Event Horizon’s voting block. We also want to raise this point and make it clear that if it turns out after few months that the voting block is only steered by a handful of ‘random’ voters who are not participating in the DAO in any way other than mobilizing that block, we’ll be initiating a vote to clawback the delegated voting power.
Our expectation is that Event Horizon will help nurture this voting block and make it a powerhouse from which fruitful activities can spread. Those activities shouldn’t be confined to voting, regardless of how thoughtful it might be, but should also include the creation of proposals, participation in DAO working groups, and other initiatives. Our thought process here is that this voting block will enable participants in Event Horizon’s initiative to actively participate in governance while having a meaningful voice and platform to do so.
Given the opportunity, we want to renew our request that Event Horizon set up a monthly call to update delegates on the experiment’s progress and initiatives coming from the voting block. If no initiatives are kickstarted in a reasonable timeframe, we’ll be looking to wind down the experiment.